Exor SpA agreed to buy PartnerRe Ltd. for about $6.9 billion in its biggest single acquisition in more than a century after the reinsurer scrapped a deal with rival Axis Capital Holdings Ltd.
The Jeep Cherokee brought to a halt by hackers last week exposed wireless networks as the weakest link in high-tech vehicles, underscoring the need to find fast over-the-air fixes to block malicious intrusions.
Of the 23 Fiat Chrysler recalls that U.S. regulators investigated, three were so dangerous that the government invoked its most potent power: requiring the company to buy back the vehicles.
A record penalty that could reach $105 million isnt the only imposition U.S. auto-safety regulators are making on Fiat Chrysler: Its also getting a house guest.
Fiat Chrysler's recall of about 1.4 million cars and trucks equipped with radios that are vulnerable to hacking is the first formal safety campaign in response to a cybersecurity threat.
Fiat Chrysler Automobiles NV is offering a software patch to close a loophole that let two hackers take control of a moving Jeep sport utility vehicle in an incident spotlighting the vulnerability of connected autos.
PartnerRe Ltd., the reinsurer that agreed to merge with Axis Capital Holdings Ltd., said it will enter negotiations with hostile bidder Exor SpA after the Italian companys latest cash offer for more than $6.7 billion.